FNBB Launches Smartphone App
Monday, November 18, 2013
FNB.PIC MORERI SEJAKGOMO
At the launch, officials explained that the smartphone app allows customers to have direct and easy access to accounts, make payments, transfer funds, view balances and detailed transactional history.
The application also has value-added services such as the ability to locate FNB ATMs and branches, buy prepaid airtime, make free calls and messages to other App users. The App also includes the popular eWallet service and new features will be added in the future.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...